Charter Act 1813: British trade was negatively affected due to the ongoing conflict of the British with the French in Europe. In fact, due to the "continental system" implemented by Napoleon, the European trade route was closed for the British, so everyone wanted that the company's trading monopoly in India should be ended. Due to this, there was a demand to end the company's trading monopoly in England. The Charter Act of 1813 was passed to increase trade.
The important points of the Charter Act 1813 are mentioned below-
- All British merchants were allowed to trade with India.
- The Company's monopoly on Indian trade was abolished. While the monopoly on the trade of tea with China was maintained.
- The company's partners will get only a 10.5% share of Indian profits.
- The Company was given the right to control the revenue in the Indian territories for 20 years.
- According to this act, the local bodies created by the British in India could impose taxes (cleaning tax, chowkidari tax, etc.) on the Indians coming under them. Along with this, a provision has also been made in this Act to punish those who do not pay taxes.
- According to this act, the company was to segregate its regional revenue and commercial profits.
- The powers of the Board to supervise and issue orders were enhanced by defining and expanding its power.
- The right to take the final decision regarding the company remained with the British Emperor, but the financial matters were given to the company.
- By this act, Indian courts were given more powers over British subjects.
- The Christian missionary was given permission to propagate religion in India by getting permission.
- A church, a bishop, and three priests were appointed in Calcutta for the propagation of Christianity and for the Christians living in India.
- British merchants and engineers were allowed to come to India and settle here, but for this, it was necessary to get a license from the Board of Directors or Control Board.
- An arrangement was made to spend Rs 1 lakh per year on the education of Indians from the income of the company.
- Provisions were made to increase Indian literature and science-based education.
- Through this act, arrangements were made for the training of the employees of the company (both civilians and soldiers). For this, arrangements were made to run the colleges of Calcutta and Madras according to the rules of the Board of Control.
- By this act, the number of British forces in India was fixed at 29,000 and the Company was also empowered to make rules and regulations for Indian soldiers.
After this came the Charter Act 1833.